425,116 Shares of Kimberly-Clark Corporation $KMB Purchased by Mirae Asset Global Investments Co. Ltd.

Key Points

• Mirae Asset Global Investments purchased 425,116 Kimberly-Clark shares worth approximately $41.4 million, representing about 0.13% of the company. Institutional investors and hedge funds collectively own 76.29% of KMB.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $111.56; several firms raised targets while Wells Fargo lowered its target to $100.
• Kimberly-Clark’s stock opened at $107.94, while its latest quarterly results missed expectations, reporting $1.80 in adjusted earnings per share versus a $2.01 consensus estimate and revenue of $4.19 billion.

Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Kimberly-Clark Corporation (NASDAQ:KMB - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 425,116 shares of the company's stock, valued at approximately $41,419,000. Mirae Asset Global Investments Co. Ltd. owned about 0.13% of Kimberly-Clark as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Lynch Investment Planning LLC acquired a new position in Kimberly-Clark in the third quarter valued at about $26,000. John Boyer Inc. acquired a new stake in shares of Kimberly-Clark in the 3rd quarter valued at approximately $28,000. Edmond DE Rothschild Holding S.A. bought a new position in Kimberly-Clark during the 2nd quarter worth approximately $32,000. Ancora Advisors LLC acquired a new position in Kimberly-Clark during the second quarter valued at approximately $32,000. Finally, Clearstead Trust LLC acquired a new position in Kimberly-Clark during the second quarter valued at approximately $33,000. Institutional investors and hedge funds own 76.29% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on KMB shares. UBS Group raised their price target on Kimberly-Clark from $106.00 to $113.00 and gave the stock a "neutral" rating in a research report on Wednesday. Seaport Research Partners upgraded shares of Kimberly-Clark to a "buy" rating in a report on Tuesday, August 4th. DA Davidson raised their target price on shares of Kimberly-Clark from $106.00 to $116.00 and gave the stock a "neutral" rating in a report on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Kimberly-Clark from $106.00 to $112.00 and gave the company a "hold" rating in a research note on Wednesday, August 5th. Finally, Wells Fargo & Company reduced their price target on shares of Kimberly-Clark from $105.00 to $100.00 and set an "equal weight" rating for the company in a report on Monday, October 5th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $111.56.

Kimberly-Clark Stock Performance

NASDAQ KMB opened at $107.94 on Monday. Kimberly-Clark Corporation has a 12 month low of $92.42 and a 12 month high of $120.09. The company has a current ratio of 0.91, a quick ratio of 0.69 and a debt-to-equity ratio of 3.45. The stock has a 50 day moving average of $102.82 and a 200-day moving average of $103.02. The company has a market cap of $35.90 billion, a PE ratio of 18.36, a PEG ratio of 5.84 and a beta of 0.25.

Kimberly-Clark (NASDAQ:KMB - Get Free Report) last issued its earnings results on Tuesday, August 4th. The company reported $1.80 EPS for the quarter, missing the consensus estimate of $2.01 by ($0.21). The business had revenue of $4.19 billion for the quarter, compared to the consensus estimate of $4.22 billion. Kimberly-Clark had a return on equity of 143.92% and a net margin of 11.79%. The business's revenue was up .6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.92 earnings per share. On average, equities research analysts anticipate that Kimberly-Clark Corporation will post 6.83 EPS for the current fiscal year.

Kimberly-Clark Company Profile

Kimberly-Clark Corporation NASDAQ: KMB is a global consumer products company that develops and markets personal care, tissue and professional hygiene products. Its portfolio includes products for babies and children, feminine care, adult care, family care and workplace hygiene.

The company's well-known brands include Huggies diapers and wipes, Kleenex facial tissue, Cottonelle bathroom tissue, Scott toilet paper and paper towels, Kotex feminine care products, and Depend, Poise and GoodNites products.

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